Estate Living Magazine Issue 30 Smart Environments June 2018 | Page 56

Favourable property laws mean that any person,
including non-citizens, can acquire a built-up
residential property in Mauritius. A non-citizen
acquiring a residential property within specific
property shemes for a sum exceeding US$500,000
is eligible to apply for a residence permit for
themselves and their immediate family. For
investors, there is also a consistent growth
trend of 6% on rental yield and a 7% capital
gain.
ENL has also done their bit by addressing
previous development and investment
challenges. They are building a central business
district,that includes a state-of-the art cultural centre with
improved fibre optic connectivity, to help promote innovation,
and expanding the local knowledge hub. Four new precincts
are already home to 50 established companies, representing 10
sectors and employing more than 1,000 people.
From an environmental perspective, developed urban
infrastructure with sustainable energy sources and green building
practice guarantee longevity and the conservation of green areas,
while energy saving and waste water recycling ensure a cleaner,
softer approach to life and business.
The City aims to attain accreditation from the Leadership in
Energy and Environmental Design (LEED) for Neighbourhood
Development, a US certification system that demands compliance
with detailed specifications on infrastructure standards laid down
by the United States Green Building Council. One such demand is
that the development site must include at least one LEED-certified
building, and the new PwC Mauritius headquarters currently
under construction in the Central Business District at Telfair
Square will be just that.
When fully completed, Moka Smart City and the other seven like
it, will undoubtedly contribute to creating somewhat of a new
Mauritius – one that can confidently compete globally with other
smart countries all vying for foreign businesses and investment.
Of course, the biggest benefactors will always be the residents
and locals who get to enjoy a better standard of living. Finely
landscaped, business-friendly and oozing productivity, there is
no reason why they would not be proud to call Moka Smart City
their home. Mauritius can look forward to a promising future and
be known for more than just her beaches, weather and food.
Brought to you by
Estate Living and Mauritius
Sotheby’s International Realty
www.sothebysrealty.mu
54 | www.estate-living.co.za